Analysis: Enticing Jobless Claims Number

Robert Brusca, chief economist at Fact & Opinion Economics, talks with Jim Chesko about today’s report showing that the number of U.S. workers filing new applications for jobless benefits fell to another five-year low, indicating a strengthening labor market. Initial jobless claims, a measure of layoffs, fell by 5,000 to a seasonally adjusted 330,000 in the week ended Jan. 19, the Labor Department said this morning. The level of claims is at its lowest point since January 2008, near the start of the recession.

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